Mr. Ian McGavney reports

COLIBRI PROVIDES SUMMARY OF OVER-SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Further to its news release of Nov. 7, 2025, Colibri Resource Corp. has provided a full summary of its recently completed oversubscribed non-brokered private placement of units.

Each unit comprises one common share and one common share purchase warrant of the company. Each warrant entitles the holder to acquire one additional common share of the company at a price of 25 cents for a period of 24 months upon issuance.

The company closed two tranches of the offering: (a) a first tranche which closed on Oct. 31, 2025, with the company issuing 9,004,816 units for gross proceeds of $1,350,722 with closing being announced by news release on Nov. 3, 2025; and (b) a second and final tranche which closed on Nov. 5, 2025, with the company issuing 939,867 units for gross proceeds of $140,980 with closing being announced by news release on Nov. 7, 2025. Between the two tranches, the company sold an aggregate of 9,944,683 units for gross proceeds of $1,491,702.

In connection with the offering, the company has agreed to pay finders' fees totalling $71,504 and issue 476,693 non-transferable finders' warrants. Each finder's warrant entitles the holder to acquire one common share of the company at a price of 25 cents for a period of 24 months following issuance.

Ian McGavney, director and chief executive officer of the company, purchased 269,000 units at a cost of $40,350. His participation constitutes a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions which would normally be subject to formal valuation and minority shareholder approval requirements but is exempt pursuant to subsections 5.5(a) and 5.7(a) of MI 61-101 as the value of his purchase does not exceed 25 per cent of the company's market capitalization.

The common shares, warrants and finders' warrants are subject to a statutory hold period expiring on the date that is four months and one day upon issuance. The offering is subject to final TSX Venture Exchange acceptance.

Net proceeds will be used to fund the exploration at Colibri's flagship Mexican gold projects, including Pilar and EP, and for general working capital.

About Colibri Resource Corp.

Colibri Resource is a Canadian junior mining company engaged in the acquisition, exploration and development of precious metal properties in Sonora, Mexico. The company holds a 100-per-cent interest in the EP gold project, a 49-per-cent joint venture interest in the Pilar gold and silver project, and an additional 60-per-cent interest in the highly prospective claims at Diamante gold and silver project. Colibri is committed to advancing its portfolio through systematic exploration programs in one of Mexico's most prolific mining districts.

We seek Safe Harbor.